by Big Wave Trader | Dec 31, 2015
Did you enjoy your mini-flash crash at the end of the day today? Stocks pulled off a mini-flash crash at the midpoint of the final hour today as stocks sold off across the board with the–you guessed it–Russell 2000 leading the way lower. The minor good news for the...
by Big Wave Trader | Dec 29, 2015
After having Friday off traders took to the market pushing the market lower. Of course our FANG stocks continue to act well, but the remainder of the market remains anemic. Given we have another shortened holiday week there should be little expectation we will have...
by Big Wave Trader | Dec 27, 2015
Merry Christmas and Happy Holidays everyone. There will not be an expanded weekend update this weekend, due to the Christmas holiday. All of our market models are on operational SELL signals across the board. Our current asset allocation is 60% cash, 39% long, and 1%...
by Big Wave Trader | Dec 24, 2015
Another day and another positive day for stocks as the market is right back where it started when the Fed raised rates. Volume remains below average, but price certainly has improved after last Thursday’s and Friday’s action. All day long any dip was met with buyers,...
by Big Wave Trader | Dec 23, 2015
For the second straight day the market closed with gains. As stocks moved higher volume moved lower as traders and institutions are simply not interested in accumulating shares ahead of the Christmas holiday. Economic data was mixed with GDP coming in better than...
by Big Wave Trader | Dec 22, 2015
After last Thursday and Friday’s action there was a hope the market would rebound and rally into the end of the week. Volume was not too impressive, but coming off of Friday’s elevated levels due to quadruple witching. What really made today’s rally was the last 30...